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NEW YORK--([ BUSINESS WIRE ])--MURRAY FRANK LLP is investigating possible breaches of fiduciary duties by members of the board of directors of CH Energy Group, Inc. (NYSE: CHG) (aCH Energya or the aCompanya) in relation to the proposed sale of the Company to Fortis Inc. (aFortisa), in a transaction valued at approximately $1.5 billion, including assumption of debt.

The investigation focuses on whether certain members of CH Energyas board of directors breached their fiduciary duties in connection with their efforts to sell CH Energy to Fortis at an inadequate price through an unfair process which significantly undervalues the Company. For more information regarding our investigation, please contact Murray Frank LLP (Bridget V. Hamill) toll free at (800) 497-8076 or by email at [ investigations@murrayfrank.com ].

On February 21, 2012, CH Energy announced that it had entered into a definitive merger agreement to be acquired by Fortis in an all-cash transaction by which CH Energy stockholders will receive $65.00 in cash in exchange for each share of CH Energy common stock owned. According to Yahoo! Finance, at least one analyst has set a price target for CHG of $69 per share.

If you are a current investor in CH Energy, who purchased CHG shares before February 21, 2012, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].